# Mortgage Pal - Loan Calculator — Payments, Rates & Refinance

> All-in-one mortgage toolkit with multiple calculators and rate trend visualization. (iPhone/iPad app by Appeum Inc.)

- Source: https://appshunter.io/ios/app/mortgage-pal-loan-calculator/id1478735062 (this page in markdown: same URL + `.md`)
- Developer: [Appeum Inc](https://appshunter.io/developer/486652328)
- Category: Finance, Utilities
- Price: Free with in-app purchases
- Rating: 4.80/5 from 4,686 App Store ratings · 33 written reviews indexed
- Age rating: 4+
- Requires: iOS 18.0 · 12 MB
- Languages: American English
- Released: 2019-09-09
- Data updated: 2026-08-30
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/mortgage-pal-loan-calculator/id1478735062/reviews.md

## What is Mortgage Pal?

Want to save on your mortgage? Start using this all-in-one mortgage toolkit to make smarter home buying decisions.

Mortgage Pal has 7 powerful tools in 1 app:
• Mortgage Payment Calculator
• Mortgage Affordability Calculator
• Mortgage Refinance Calculator
• HELOC Calculator
• Rent vs Buy Calculator
• Closing Costs Calculator
• Mortgage Rate Trends Visualizer

Calculate mortgage payments including PMI, property taxes, insurance, and HOA fees. Plan your payments, save on interest, and make confident home buying decisions.

MORTGAGE PAYMENT CALCULATOR
• Calculate payments with monthly, weekly, bi-weekly, quarterly, and yearly plans
• Account for PMI, taxes, insurance, and HOA fees
• Detailed schedules showing interest vs principal breakdown
• See how extra payments save you thousands in interest

MORTGAGE AFFORDABILITY CALCULATOR
• Determine how much home you can afford based on your income
• Adjustable debt-to-income ratio with your expenses and debts
• Instantly see your maximum purchase price and monthly payment

REFINANCE CALCULATOR
• Compare current vs new mortgage side by side
• See monthly savings and break-even point
• Toggle closing costs to roll into loan or pay upfront

HELOC CALCULATOR
• Estimate your available home equity line of credit
• Calculate payments based on home value and existing mortgage

RENT VS BUY CALCULATOR
• Compare the true cost of renting vs buying over time
• Factors in appreciation, rent increases, investment returns, and tax benefits

CLOSING COSTS CALCULATOR
• State-specific estimates including title insurance, taxes, and fees
• See exactly how much cash you need at closing

MORTGAGE RATE TRENDS
• Track 30-year fixed, 15-year fixed, and FHA rates
• Visualize history over 30 days, 1 year, or 5 years

— FREQUENTLY ASKED QUESTIONS —

Q: What is the best free mortgage calculator app for iPhone?
A: Mortgage Pal is a top-rated free mortgage calculator for iPhone with multiple tools in one app — including payment, affordability, refinance, HELOC, rent vs buy, and closing costs calculators. No subscriptions, no paywalls, no account required.

Q: How is Mortgage Pal different from other mortgage calculator apps?
A: Most mortgage apps only offer a basic payment calculator. Mortgage Pal includes 6 calculators covering every stage of homeownership — from affordability and closing costs to refinancing and HELOC — all free with no ads locked behind a paywall.

Q: Do I need an account or subscription to use Mortgage Pal?
A: No. Mortgage Pal is 100% free with no account signup, no subscription, and no premium tier. Every calculator and feature is available immediately.

Q: Does Mortgage Pal work offline?
A: Yes. All calculators work without internet. Rate trends require a connection, but every calculator runs entirely on-device — perfect for meetings with lenders or open houses.

Q: Can realtors and mortgage brokers use Mortgage Pal with clients?
A: Yes. Thousands of realtors, mortgage brokers, and financial planners use Mortgage Pal to run calculations with clients. Results can be exported to email instantly and multiple scenarios can be saved and compared.

Q: What mortgage calculators does Mortgage Pal include?
A: Payment calculator with PMI and tax support, affordability calculator with DTI ratios, refinance calculator with break-even analysis, HELOC calculator, rent vs buy comparison tool, closing costs estimator by state, and a mortgage rate trends visualizer with historical data.

Q: Is Mortgage Pal accurate for real mortgage calculations?
A: Yes. Mortgage Pal uses industry-standard amortization formulas, real-time rate data from the Federal Reserve (FRED), and state-specific closing cost data. Results match what lenders and financial professionals use.

See why thousands of realtors, brokers, and homeowners trust Mortgage Pal. Download Mortgage Pal today and experience for your self.

## Key features

- Mortgage Payment Calculator
- Mortgage Affordability Calculator
- Mortgage Refinance Calculator
- HELOC Calculator
- Rent vs Buy Calculator
- Closing Costs Calculator
- Mortgage Rate Trends Visualizer

## Pricing and in-app purchases

Base price: Free.

**One-time purchases**

| Purchase | Price | Type |
| --- | --- | --- |
| Lifetime Ad Free Pro | $14.99 | one-time |


## What do users think of Mortgage Pal?

Overall sentiment: neutral

**Pros**

- 🚀 Simple and intuitive
- 🚀 Easy to use
- 🚀 Provides necessary information
- ✨ Accurate calculations

**Cons**

- 🐛 Freezes and crashes frequently
- 🔒 Privacy concerns (access to motion/fitness data)
- 🔍 Lacks important features (PMI, closing costs)

**Commonly reported bugs**

- Doesn't allow calculations with no down payment
- Frequently freezes and crashes
- Unable to contact developers to report bugs

**Most requested features**

- Add PMI option for less than 20% down payment
- Improve data entry experience
- Implement landscape mode support for iPads
- Show impact of extra payments on interest savings

## Recent user reviews (10 of 33)

All indexed reviews: https://appshunter.io/ios/app/mortgage-pal-loan-calculator/id1478735062/reviews.md

### 5/5 — Love this app

*2026-08-07, version 4.1*

Great calculator, has all the fields I’d want, and set up intuitively, kudos

### 5/5 — Best free App

*2026-07-14, version 4.1*

This is probably the best free mortgage calculator app I have ever used

### 4/5 — Can’t change start date

*2026-07-01, version 4.1*

I would love this app if I could change the start date of my mortgage to make it current

### 5/5 — Exactly what you need

*2026-07-01, version 4.1*

Super simple, easy to use and easy to understand - very helpful

### 1/5 — Stupid adds after update

*2026-04-28, version 4.1*

I liked the app but after an update it has adds and won’t let me use the app unless I click on the stupid adds.

### 2/5 — Update Horrible

*2026-04-22, version 4.1*

This was excellent before you changed it. Now it is ridiculous to try different rates. Time for a different app.

### 1/5 — Can’t see what I’m typing

*2026-03-20, version 4.1*

I’m seeing similar complaint. The ads are taking up too much space. App deleted.

### 2/5 — Lost

*2026-03-01, version 4.1*

It used to be helpful but now it’s too many pop up ads

### 1/5 — No option to adjust DTI ratios anymore under mortgage affordability

*2026-02-19, version 4.0*

Only reason I used this app is cuz I could set DTI but now I can’t after the updates

### 1/5 — Update gone wrong

*2026-02-08, version 4.0*

They did an update and now when I click on the bar to enter my information on cost, I cannot see what I’m typing when the keyboard comes up. This makes a very difficult to know what data you’re entering

## Frequently asked questions about Mortgage Pal

### What does Mortgage Pal do?

Mortgage Pal is an all-in-one mortgage toolkit designed to help users make smarter home buying decisions. It provides seven powerful tools, including calculators for mortgage payments, affordability, refinancing, HELOCs, rent vs. buy comparisons, closing costs, and a mortgage rate trends visualizer.

### What are the key features of Mortgage Pal?

Key features include a Mortgage Payment Calculator that accounts for PMI, taxes, insurance, and HOA fees with various payment plans, an Affordability Calculator to determine how much home you can afford, a Refinance Calculator to compare loan options, a HELOC Calculator, a Rent vs. Buy Calculator, a Closing Costs Calculator, and a Mortgage Rate Trends Visualizer.

### Is Mortgage Pal free to use?

Yes, Mortgage Pal is 100% free to use. There are no subscriptions, no paywalls, and no account required to access any of its calculators or features. It also does not have ads.

### Does Mortgage Pal work offline?

All the calculators within Mortgage Pal work offline, making them perfect for use during meetings with lenders or at open houses. Only the Mortgage Rate Trends feature requires an internet connection to display current data.

### Who can benefit from using Mortgage Pal?

Homebuyers, homeowners considering refinancing, individuals exploring home equity lines of credit, and those comparing the costs of renting versus buying can all benefit from Mortgage Pal. Real estate agents, mortgage brokers, and financial planners also find it useful for client consultations.

## Version history (last 5 releases)

### 4.21 — 2026-08-11

- Minor bug fixes

### 4.2 — 2026-08-09

What's New in 4.2
• New: Lifetime Ad Free Pro — a one-time purchase that removes all ads, forever (find it in Settings)
• More accurate U.S. mortgage math across all six calculators: true accelerated bi-weekly/weekly plans, PMI with automatic 78% LTV termination, and smarter closing-cost estimates with seller-paid items
• Affordability now uses standard U.S. lending ratios (28% front-end, adjustable DTI)
• Full dark mode support
• Improved iPad layouts and support for larger accessibility text sizes
• Dozens of fixes and refinements throughout

### 4.1 — 2026-02-21

- Improved UI
- New HELOC Calculator
- New Rent Vs Buy Calculator
- New Closing Costs Calculator

### 4.0 — 2026-01-28

- Improved UI
- New refinance calculator

### 3.7 — 2021-03-04

- UI improvements

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## More apps by Appeum Inc

- [Fluent - English](https://appshunter.io/ios/app/fluent-english/id6443801854)

All apps by Appeum Inc: https://appshunter.io/developer/486652328

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-30.*